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Hindustan Unilever Ltd (HUL) has acquired the remaining 49% stake in OZiva parent Zywie Ventures Pvt Ltd for ₹824 Cr, making the plant-based nutrition brand a wholly owned subsidiary.
After informing the exchanges yesterday of its plan to approve the remaining 49% stake in OZiva, the FMCG major today said it has completed the transaction.
HUL had acquired a 51% stake in the D2C brand for ₹264.28 Cr in December 2022, implying a valuation of around ₹518 Cr at the time. The current transaction values OZiva at nearly ₹1,682 Cr, more than three times its valuation in just over three years.
Founded in 2019, OZiva sells plant-based nutrition products across health, skin, hair and general wellness categories. Prior to HUL’s investment, the startup had raised around $17 Mn from investors like Matrix Partners India, Eight Roads Ventures and Stride Ventures.
On the financial front, OZiva’s revenue from operations surged 148% to ₹258 Cr in FY25 from ₹104 Cr in FY24. Its loss narrowed 90% to ₹4.5 Cr from ₹43.5 Cr in the previous fiscal year.
Notably, HUL has been steadily deepening its presence in India’s fast-growing D2C ecosystem by taking majority positions and then moving to full ownership once scale and performance improve.
Last year, it acquired skincare brand Minimalist at ₹2,955 Cr valuation, while its venture arm, Unilever Ventures, continues backing early-stage D2C brands. Last month, D2C perfume brand Secret Alchemist raised $3 Mn (about ₹27.1 Cr) in a seed round led by Unilever Ventures.
Other established companies like Marico and ITC have also been acquiring D2C brands to bolster their portfolios. While Marico recently bought a 60% stake in plant-based protein startup Cosmix at an equity valuation of ₹375 Cr, USV yesterday acquired a 79% stake in Wellbeing Nutrition.
The post HUL Completes Acquisition Of Remaining 49% Stake In OZiva For ₹824 Cr appeared first on Inc42 Media.
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